MBA NewsLink interviewed Justin Latorre, Managing Director of Auction Services at LightBox, about trends he sees at a leading auction platform for commercial real estate assets.
Category: News and Trends
April Mortgage Credit Availability Up 2.2%
Mortgage credit availability increased in April, the Mortgage Bankers Association reported this morning.
MBA: Loans in Forbearance Fall 10th Straight Week
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 11 basis points to 4.36% of servicers’ portfolio volume as of May 2 from 4.47% the prior week–the 10th consecutive week of declines. MBA estimates 2.2 million homeowners are in forbearance plans.
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“Housing is dignity. I witnessed first-hand the struggle my parents went through to achieve homeownership. It’s something that I keep in mind; it is the reason why I wanted to be on the Banking Committee…and I will be very focused on housing.”
–Sen. Raphael Warnock, D-Ga., speaking yesterday at the MBA National Advocacy Conference.
Sponsored Content from WFG: Responsive Solutions
To determine what products, programs and services are needed to address their most urgent pain points, WFG asked its customers and colleagues.
MBA CONVERGENCE Partner Profile: Ralph Perrey, Tennessee Housing Development Agency
(One in a recurring series about MBA CONVERGENCE, the Mortgage Bankers Association’s affordable housing initiative.)
Dave Parker: CFPB’s New Attitude Toward HMDA Fuels Need for Better Tools
As it typically happens with a new presidential administration, there’s a new attitude in Washington toward the housing market. And one of the most significant changes has been the CFPB’s recent decision to roll back flexibility when reporting Home Mortgage Disclosure Act data. But are lenders ready?
Michael Miller: Bridging the Digital Divide of People, Process & Technology
Bill Belichick, one of the most successful coaches in professional football history, once said a team is “not the strength of the individual players, but it is the strength of the unit and how they all function together.” Such wisdom surely resonates with many business leaders in our industry. But how well do they live by it?
JP Kelly of OpenClose on the LOS Space and Unique Marketplace Conditions
MBA NewsLink recently posed questions about the LOS space to JP Kelly, president and co-founder of OpenClose, a West Palm Beach, Fla. multi-channel, end-to-end LOS and mortgage technology provider.
Murali Tirupati: How Intelligent Automation Can Simplify Mortgage Origination, Boarding and Servicing
There are no easy answers to be found for legacy banks and those looking to grow their presence in the broader mortgage market, but the clue perhaps lies in the friction involved in existing mortgage processes.